Analysts: AT&T 1Q revenue flat

First-quarter revenue for AT&T is expected to be flat when the telecommunications giant reports earnings on Wednesday, according to an average of 23 analysts polled by Thomson Reuters.

The Dallas-based telecom is expected to report earnings of 54 cents a share on revenue of $30.7 billion, a less than 1 percent increase compared to the $30.6 billion the same time a year ago.

Analysts also project AT&T will report 2010 total revenue of about $126 billion, an almost 2 percent increase compared to $123 billion in 2009.

AT&T will host a conference call Wednesday at 9 a.m. to report first quarter earnings. A live Web cast will be available at www.att.com/investor.relations. AT&T will post its earnings news release and related materials on the same Web site at 7 a.m.